IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Colin Cody who wrote (1306)	3/21/2001 10:52:43 AM
From: trend line	Read Replies (1) of 1383

dear cilin cody I have a simple tax question. I paid a lot of estimated tax (both Fed and MA state) during the year 2000. But due to stock market decline, I ended up showing a tiny profit for the year and my total tax liability is zero. I already filed the tax return with itemized reduction, last week. Retrospectively, I could have used standard deduction and still my tax liability would be zero. Also this way, I don't have to show huge state tax refund for the 2001 tax year. My question is can I amend my return and file with a standard deduction? Thanks

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